NewEnergyNews: BENEFIT, NOT BUST, FROM AB 32 CLIMATE FIGHT LAW/

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Gleanings from the web and the world, condensed for convenience, illustrated for enlightenment, arranged for impact...

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YESTERDAY

THINGS-TO-THINK-ABOUT WEDNESDAY, August 23:

  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And The New Energy Boom
  • TTTA Wednesday-ORIGINAL REPORTING: The IRA And the EV Revolution
  • THE DAY BEFORE

  • Weekend Video: Coming Ocean Current Collapse Could Up Climate Crisis
  • Weekend Video: Impacts Of The Atlantic Meridional Overturning Current Collapse
  • Weekend Video: More Facts On The AMOC
  • THE DAY BEFORE THE DAY BEFORE

    WEEKEND VIDEOS, July 15-16:

  • Weekend Video: The Truth About China And The Climate Crisis
  • Weekend Video: Florida Insurance At The Climate Crisis Storm’s Eye
  • Weekend Video: The 9-1-1 On Rooftop Solar
  • THE DAY BEFORE THAT

    WEEKEND VIDEOS, July 8-9:

  • Weekend Video: Bill Nye Science Guy On The Climate Crisis
  • Weekend Video: The Changes Causing The Crisis
  • Weekend Video: A “Massive Global Solar Boom” Now
  • THE LAST DAY UP HERE

    WEEKEND VIDEOS, July 1-2:

  • The Global New Energy Boom Accelerates
  • Ukraine Faces The Climate Crisis While Fighting To Survive
  • Texas Heat And Politics Of Denial
  • --------------------------

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    Founding Editor Herman K. Trabish

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    WEEKEND VIDEOS, June 17-18

  • Fixing The Power System
  • The Energy Storage Solution
  • New Energy Equity With Community Solar
  • Weekend Video: The Way Wind Can Help Win Wars
  • Weekend Video: New Support For Hydropower
  • Some details about NewEnergyNews and the man behind the curtain: Herman K. Trabish, Agua Dulce, CA., Doctor with my hands, Writer with my head, Student of New Energy and Human Experience with my heart

    email: herman@NewEnergyNews.net

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  • WEEKEND VIDEOS, August 24-26:
  • Happy One-Year Birthday, Inflation Reduction Act
  • The Virtual Power Plant Boom, Part 1
  • The Virtual Power Plant Boom, Part 2

    Friday, March 26, 2010

    BENEFIT, NOT BUST, FROM AB 32 CLIMATE FIGHT LAW

    Climate law won't hurt California economy, report says; Many sectors will prosper under the greenhouse gas limits, an analysis by the state air board finds. A business group disputes the findings.
    Margot Roosevelt, March 24, 2010 (LA Times)

    "California's overall economy will not suffer, and many parts of it will prosper under the state's landmark global warming law, according to an analysis by the California Air Resources Board that rebuts an industry-led ballot effort to suspend the regulations.

    "The 103-page
    [Updated Economic Analysis of California’s Climate Change Scoping Plan] comes after earlier projections were criticized as flimsy. It was vetted by a panel of independent academics and policy experts…[E]arlier critics of the board projections reiterated their skepticism and touted their own commissioned studies that predict more dire effects…[such as] that implementing the climate law could cost the state 485,000 jobs by 2020, a sharp contrast to the air board's finding that the law would yield a net increase of 10,000 jobs…"

    click to enlarge

    "In recent weeks, the protracted battle over the 2006 Global Warming Solutions Act, known as AB 32, has flared anew as oil refiners and other industries have poured more than $950,000 into signature-gathering for a November ballot initiative to delay climate-related rules.

    "Under the law, the state's emissions of carbon dioxide and other greenhouse gases, which trap heat in the atmosphere, would drop 15% by 2020…New regulations would boost solar, wind and other renewable power, cut the carbon intensity of gasoline, promote electric cars, discourage sprawl and wedge energy-saving measures into home-building, manufacturing and other sectors of the economy…[H]alf a dozen economic reports over the last 18 months from the state, industrial groups, academics and environmentalists…[draw] contradictory conclusions."


    click to enlarge

    "Implementing the law is expected to raise utilities' cost of burning coal, oil and gas…The industry report asserts that moving a third of the state's electricity sources to renewables would boost prices to consumers and industry by 11%, but the air board's analysis found that new energy efficiency rules would lead to a net 4.5% drop in overall spending on fuel by 2020…Businesses also are upset over…a cap-and-trade program that would set a ceiling on emissions and allow industries to trade [auctioned] permits…The air board is considering a proposal to return three-fourths of the auction income to consumers to offset higher costs.

    "The new report shows a slightly less positive impact on growth, per capita income and jobs than did a [economist-criticized] September 2008 report by the air board staff…The new report, which takes account of the current economic downturn, concludes that California's gross state product will grow to $2.5 trillion over the next decade, only 0.2% less than it would without the climate law. Jobs will grow to 18.4 million -- 0.1% more than without the law…[S]ome industries, such as fossil-fuel-burning utilities, mining and energy-intensive manufacturing like cement plants, could be hard hit…Others more allied with a green economy are expected to prosper…"

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